It got on an exchange very late.. Shittiest price i've seen.
Dude it was trading at 10k per BTC before it got on the exchanges. How is doubling the value a shittiest price?
I agree, we need to give people a chance to spread the YAC around before it hits an exchange.
All of these altcoins seem to be serving only two specific group of people; coders and people who have cornered the mining scene with obscene hash rates (to me it's just greed, which is the opposite of the point of cryptocurrency, the already rich/well to do just monopolized and f*cked this scene over just like everything they do in the real world, damn parasites).
By the time a compiled qt comes out for ANY altcoin for us regular joes, the coders and greedy have already been mining for a day and a half, sucked up all of the incentive currency (the large blocks given out in a currency's infancy) and left us plebes with the crumbs. I see no difference between all these altcoins and what the banksters and greedy do in the real markets.
And I mine a lot of the altcoins, so I'm not saying it as a hater of altcoins. The concept is great for miners, but the people hoarding BTC do the same with altcoins, so it makes altcoins pointless. Just another rich get richer scenario. I am not one to fall for the 'well you have an opportunity too' bull-ish. Crumbs.